Is the Government Ever Big Enough?

Can the government ever be too big? How much spending is enough spending? And if there can be too much spending, where is that point? “When was the last time you heard a liberal politician say, ‘Yeah, we solved that social ill. Continue Reading...

Elon Musk on the Problem with Regulators

“Most of economics can be summarized in four words: ‘People respond to incentives,’” says economist Steven E. Landsburg. “The rest is commentary.” When governments create a regulation, they are creating an incentive for individuals and businesses to respond in a particular way. Continue Reading...

Is America Too Religious to Be Socialist?

Since its development as a political movement in the 1700s, socialism has spread to numerous nations, especially in Asia and Africa. Yet even when the U.S. government began adopting socialist policies (see: the New Deal), Americans tended to reject any direct connections to socialism. Continue Reading...

How to Understand GDP

What is Gross Domestic Product (GDP)? The definition is rather straightforward: GDP is the market value of all finished goods and services, produced within a country in a year. But that’s not very useful in trying to understand the concept. Continue Reading...